4 ms·
You say that corporations have a "moral responsibility to maximize profits for their investors." Why? Why does profit have to be only motivator? I understand
by britch 7y ago
You say that corporations have a "moral responsibility to maximize profits for their investors."
Why? Why does profit have to be only motivator?
I understand it's a norm. I understand it's expected. Can you give me a reason beyond that?
It's not like Google is doing poorly and has to go to China to survive. Why contribute to the Chinese government's oppression of dissidents and minorities if you don't have to?
- luckylion 7y ago> Why? Why does profit have to be only motivator? It doesn't have to be, it's what the investors want. The investors decide what gets to be optimized for, because they won't invest otherwise. It's not always profit, it might also be growth. And yes, there are cases where it's something else all together, but for the most part it's measurable and something that involves making your investors richer. > Why contribute to the Chinese government's oppression of dissidents and minorities if you don't have to? If you build the tech and the platform, you are in control, and you can stop at any point, you can nudge and you can pull. If you're not doing it, somebody else will and you won't have any influence to make it better/less bad. That has a long tradition, even in non-profit companies like banking coops. People want to play the lottery, so you offer them a lottery. But by buying tickets to your lottery, they are putting 50% of the ticket price into their savings accounts. 50% aren't 100%, but they sure are better than 0%. If perfect, good and neutral aren't available options, less bad looks good to me - even if it means that you will have to get your hands dirty and get your karma into trouble.